Curbs on banks would be an act of economic war, Russia warns US:
Russia warned the United States yesterday it would regard any US move to curb the activities of its banks as a “declaration of economic war” and would retaliate, as new sanctions took their toll on the rouble and US lawmakers threatened more.
The warning, from Prime Minister Dmitry Medvedev, reflects Russian fears over the impact of new restrictions on its economy and assets, including the rouble which has lost nearly 6% of its value this week on sanctions jitters.
Economists expect the Russian economy to grow by 1.8% this year.
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